Continued strength in Hawaii real estate – July 2015

The Hawaii Real estate statistics  for the month of July 2015 are release today. According to the analysis by the Honolulu real estate board, using data collected from its computerized Multiple Listing Service (MLS) system, the Island housing statistics are:

Oahu (Hawaii) Single-Family Home Re-sales
Number of Oahu
home Sales
This Month
Compared To
Median* Oahu
Sales Price
This Month 
Compared To
July 2015 337 $710,000
July 2014 300 +12.3% $683,500 +3.9%
Oahu Condominium Re-sales
Number of Oahu
condo Sales
This Month
Compared To
Median* 
Oahu Sales Price
This Month 
Compared To
July 2015
501 $350,000
July 2014 444 12.8% $351,750 -0.5%

*Median price means half the prices were above and half below the given price.

Continued strength in Hawaii real estate – July 2015

During July, the median price paid for single-family homes increased 3.9% year over year to $700,000. The median price for condominiums decreased by .5% percent from last year to  $350,000. Sales of single-family homes increased by 12.3 percent, while condominium sales increased by 12.8% percent from July 2014. According to the Days on Market indicator, single-family homes were on the market for 16 days while condominiums were on the market for 24 days.

August 7 News Release: July 2015 Honolulu real estate statistics

“July continued the healthy trend in housing sales that we saw in the previous month,‖ said Jack Legal, president of the Honolulu Board of Realtors. “We were pleased to see strong sales of more affordable housing, primarily involving the condo market. There were 256 condos sold that were priced below $350,000 compared to 221 last July – that’s up nearly 16 percent. About a third of these condos were found in four neighborhoods: Makaha and Makakilo in West Oahu, and Makiki and Ala Moana. It’s encouraging to see more sales of affordable condos, particularly those close in the urban core.”

Statistics customized

We are constantly updating our database with terabytes of Hawaii home sales data. Did you know that Hawaii House is already providing extensive real estate market statistics for our clients, including investors.

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